What Car Insurance is Cheapest for Uninsured Drivers in Miami?

Finding decent, cheap auto insurance is difficult, and figuring out which company has the most affordable insurance rates for uninsured drivers will take a little more work. Each auto insurance company uses their own calculation for determining rates, so let’s take a look at the insurance companies with the overall best prices in Miami.

It’s a good idea to know that Miami, FL insurance rates are determined by lots of factors which can substantially change the cost of having a policy. Simply improving your credit, having a teen driver, or having an at-fault accident can cause premium changes that can now make some companies much higher than others.

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USAA generally has some of the cheapest car insurance rates in Miami at around $986 annually. This is $1,462 less than the average premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Allied would also make the list of some of the cheapest Miami, FL insurance companies.

As shown in the table above, if you buy coverage from Progressive and switched to Electric, you could see an annual premium reduction of in the neighborhood of $29. Florida drivers with Allied could save as much as $199 a year, and Travelers customers might realize rate reductions of up to $199 a year.

To see if your current coverage is too expensive, click here to begin a quote or visit any of the low-priced companies below.

Bear in mind that those premiums are averages for all drivers and vehicles and do not factor in a specific location for uninsured drivers. So the insurer that fits you best may not even be in the list above. That point stresses why you need to quote rates from many companies using your own driver and vehicle profiles.

The vehicle that is being insured is one of the primary factors when looking for cheap insurance for uninsured drivers. Vehicles with economical engines, good crash test ratings, or a low likelihood of liability claims will cost significantly less to insure than high performance models. The list below shows auto insurance premiums for some of the cheaper automobiles to buy insurance for.

Cheapest Vehicles to Insure in Miami, FL
Vehicle Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 2WD $2,727
Ford Escape Limited 4WD $2,956
Honda Odyssey EX W/Rear Entertainment $3,162
Ford Fusion S 4-Dr Sedan $3,226
Dodge Grand Caravan SXT $3,286
Toyota Tacoma Double Cab 4WD $3,292
Toyota Corolla S $3,394
Hyundai Elantra GLS 4-Dr Sedan $3,404
Ford Edge Sport 2WD $3,394
Ford F-150 XLT Super Cab 2WD $3,499
Jeep Wrangler Unlimited Sahara 4WD 4-Dr $3,507
Ford F-350 XL Crew Cab 2WD $3,518
Honda Accord EX-L 4-Dr Sedan $3,630
Jeep Grand Cherokee Laredo 2WD $3,694
Chevrolet Malibu LS $3,703
Chevrolet Impala LT $3,694
Toyota Prius $3,709
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Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Information does not factor in specific zip code location which can revise auto insurance rates noticeably.

By looking at the data, you can infer that vehicles like the Honda CR-V, Ford Escape, and Honda Odyssey will definitely be a few of the more affordable vehicles to insure for drivers with no prior coverage.

For drivers with no prior coverage, one of the more important criteria that help determine the amount you pay each year for auto insurance is where your residence is. Areas with more people or higher crime rates likely pay more, whereas less populated areas tend to receive cheaper rates.

The information below rates the most expensive cities in Florida for uninsured drivers to purchase a policy in. Miami is ranked #2 with an annual cost of $3,241 for the average insured, which is around $270 per month.

How much is auto insurance in Miami, FL?
Rank City Average Per Year
1 Hialeah $3,630
2 Miami $3,241
3 Miami Gardens $3,181
4 Miami Beach $2,953
5 Miramar $2,709
6 Hollywood $2,630
7 Tampa $2,610
8 West Palm Beach $2,599
9 Davie $2,548
10 Pompano Beach $2,518
11 Pembroke Pines $2,505
12 Fort Lauderdale $2,475
13 Coral Springs $2,474
14 Brandon $2,322
15 St. Petersburg $2,286
16 Clearwater $2,172
17 Spring Hill $2,102
18 Jacksonville $2,040
19 Orlando $2,008
20 Cape Coral $1,917
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Premium costs are approximated as specific Miami zip code can revise price quotes substantially.

Liability only or full coverage

Paying a lower price for insurance is important to the majority of vehicle owners, and an effective way to buy cheaper insurance for uninsured drivers is to only buy liability coverage. The illustration below illustrates the difference between insurance premiums with full physical damage coverage compared to only buying liability only. The rates are based on no accidents, no driving violations, $100 deductibles, single status, and no other discounts are factored in.

As an average for all age groups, physical damage coverage costs $3,253 per year more than insuring for liability only. A very common question is if paying for full coverage is a waste of money. There is no written rule of when to phase out full coverage, but there is a general school of thought. If the yearly cost of full coverage is more than 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your vehicle’s settlement value is $10,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $9,500 after you pay the deductible. If you are paying in excess of $950 a year to have full coverage, then you might want to consider buying only liability coverage.

There are some scenarios where only buying liability is not a good plan. If you haven’t paid off your loan, you have to keep full coverage to satisfy the loan requirements. Also, if you can’t afford to buy a different vehicle in case of an accident, you should keep full coverage.

Violations and accidents raise rates

The obvious way to maintain the best insurance prices for drivers with no prior coverage is to be a careful driver and avoid accidents and keep your driving record clean. The information below illustrates how violations and at-fault accidents impact premium costs for different age categories. The premiums assume a single female driver, full coverage, $100 deductibles, and no discounts are applied.

In the previous chart, the average cost of auto insurance in Florida per year with no accidents and a clean driving record is $2,262. Get one speeding ticket and the average cost surges to $2,563, an increase of $301 each year. Now throw in two accidents along with the one speeding ticket and the annual cost of insurance for uninsured drivers goes up to an average of $5,093. That’s an increase of $2,831, or $236 per month, just for not driving responsibly!

Why you should be shopping around

Miami, FL insurance rates are calculated based on many things that may substantially change the cost of your policy. Simply having a birthday, increasing deductibles, or getting a reckless driving citation can trigger changes in premium that can make some companies cheaper than others. Also, auto insurance companies change their prices without warning to ensure their profitability. Heavier than normal losses can cause more expensive prices, while lower claim levels can produce more affordable Miami car insurance rates.

To help illustrate this point, the data below shows a variety of companies that have the cheapest car insurance in Miami, FL for a 35-year-old female driver with no prior accidents, a clean driving record, and great credit. If we look at prices based on her personal risk profile, USAA quotes the cheapest car insurance rates in Miami at $1,848 per year. This is $600 less than the average premium paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Mercury are the remainder of the most affordable Miami, FL auto insurance companies.

The example below compares rates after we give the driver from the first example an accident claim, slightly worse credit, and a traffic citation. Since each company has a different formula for setting rates, comparing rates may now show a slightly different list of cheap Miami auto insurance companies as shown below.

USAA now has the cheapest rate in Miami with Allied, Esurance, Auto-Owners, and State Farm now rounding out the top five. This demonstrates why consumers need to compare many different companies to get the lowest insurance rates for uninsured drivers.

Insurance prices are influenced by many risk factors and can change substantially, so the most economical option a year ago may now be priced much higher than other options.

How to find low-cost car insurance for uninsured drivers

Lowering your rates is not difficult, and here are some money-saving solutions that can help Miami drivers get low-cost auto insurance.

The last tip is incredibly necessary, as was emphasized in the article above. Coverage prices can change in a short period of time, so don’t be afraid to switch carriers if you find a cheaper price.

Staying with the same company for years is fine, but it isn’t a good idea if it’s costing you lots of money. It takes less than five minutes to compare prices to find cheaper car insurance for uninsured drivers in Miami.

The agents listed below can help you determine which policy fits your needs best, since some drivers aren’t sure which coverage they need and prefer to get some help when shopping for the best coverage for drivers with no prior coverage. It can be difficult to find the cheapest auto insurance company, and agents can provide peace of mind knowing your coverage gives you adequate coverage if you have an accident or claim. To find an agent near you, click the link at the bottom or click here to get price quotes now.

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